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Limited Maturity Bond FundPMYIXShare Class
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investment strategy / process

The PNC Limited Maturity Bond Fund is managed through a team-driven, top-down process utilizing active sector rotation, duration and yield curve management, with extensive credit research and portfolio analysis to mitigate risk. The Fund seeks to provide current income, as well as preservation of capital by investing in investment-grade fixed income securities, including U.S. government, corporate, mortgage-backed, and asset-backed securities.  The dollar-weighted average maturity of the Fund is expected to remain between one and five years. The Fund's duration (its sensitivity to interest rate changes) is managed to plus/minus 20% maximum relative to its benchmark index, the Merrill Lynch 1-3 Year U.S. Corporate/Government Index.

Investment Risk

The value of debt securities may be affected by the ability of issuers to make principal and interest payments. Although U.S. government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates. An investment in the Fund is subject to interest rate risk, which is the possibility that a Fund’s yield will decline due to falling interest rates and bond fund prices may decline as interest rates rise.

*Sector weightings and top ten holdings are subject to change, for illustrative purposes only and are not a permanent reflection of the fund.